inequality and welfare, reducing the participation cost benefits talented-but-poor agents the most, while relaxing the borrowing …

Is inequality harmful for economic growth? Is the underdevelopment of Latin America related to its unequal distribution … of wealth? A recently emerging consensus claims not only that economic inequality has detrimental effects on economic … growth in general, but also that differences in economic inequality across the American continent during the 19th century are …

This paper describes the correlations between inequality and the growth rates in cross-country data. Using non …-parametric methods, we show that the growth rate is an inverted U-shaped function of net changes in inequality: Changes in inequality (in … this non-linearity is sufficient to explain why previous estimates of the relationship between the level of inequality and …

Evidence from a broad panel of countries shows little overall relation between income inequality and rates of growth … and investment. However, for growth, higher inequality tends to retard growth in poor countries and encourage growth in … richer places. The Kuznets curve-whereby inequality first increases and later decreases during the process of economic …

The path of income inequality in post-reform China has been widely interpreted as "China's Kuznets curve." We show that … explanatory power for our new series of inequality measures back to 1981. Our simulations tracking the partial "Kuznets derivative …" of inequality with respect to urban population share yield virtually no Kuznets curve. More plausible explanations for …

rents for amenities that they do not value as much. We quantify the corresponding impact on well-being inequality. Through … households, above and beyond rising nominal income inequality …